Exp_ElderImpulseSystem - MetaTrader 5 Expert - MT4/MT5 Resources

The trading system uses the Aged Impulse System indicator.

A trading decision is made when the indicator candlestick changes color. Red is a sell signal and green is a buy signal.

This Expert Advisor requires the compiled indicator file ElderImpulseSystem.ex5 to run. Place it in <terminal data folder>\MQL5\Indicators.

Please note that the TradeAlgorithms.mqh library file allows trading Expert Advisors with non-zero spreads and the option to set Stop Loss and Take Profit along with opening positions with brokers that offer the following services. You can download more variant trading algorithms of this library at the link.

The input parameters of the default Expert Advisor were used in the test shown below. Stop Loss and Take Profit were not used during testing.

Figure 1. Example of trade on chart

2014 USDJPY H4 test results:

Figure 2. Test result graph

Attachment download

📎 tradealgorithms.mqh (60.9 KB)

📎 elderimpulsesystem.mq5 (7.32 KB)

📎 exp_elderimpulsesystem.mq5 (5.83 KB)

Source: MQL5 #12548